Salary or Pension Income Income from one house property (excluding cases where loss is brought forward from previous years) Income from other sources like FD/Shares/NSC etc.,

No business income / no Capital gains No asset in foreign country or no income from a source outside India Agricultural income which is less than Rs 5,000 No income from lottery or horse racingITR 2ACan be used by an Individual or Hindu Undivided Family (HUF)

ITR2A can be used if you have;

Salary or Pension Income Income from multiple house properties No business income /No Capital gains Income from other sources like FD/Shares/NSC etc., No asset in foreign country or no income from a source outside India Agricultural income of more than Rs 5,000 Income from lottery or horse racingITR 2Can be used by an Individual or Hindu Undivided Family (HUF)

This form can be used if you have;

Salary or Pension Income Income under the head ‘Capital Gains’ Income from multiple houses No business income An asset in foreign country or income from a source outside India Agricultural income of more than Rs 5,000 Income from lottery or horse racingITR4SITR4S form can be filed by an Individual or Hindu Undivided Family (HUF). This form can be used if you have;

Income from business No Capital Gains Agricultural Income which is less than Rs 5k No asset in foreign country or no income from a source outside India Income from one house property

The salaried individuals and those persons who do not have business/professional income are required to file I-T returns in either ITR-1 or ITR-2 by July 31 every year.

Individuals having exempt income without any ceiling (other than agricultural income exceeding Rs 5,000) can now file form ITR 1 (Sahaj).

At present, individuals/HUFs having income from more than one house property and capital gains are required to file form ITR-2.

A new form ITR 2A has been brought out by the Ministry, which can be filed by an individual or HUF, who does not have capital gains, income from business/ profession or foreign asset/foreign income.

Similar simplification is also proposed for individuals/HUF in respect of form ITR 4S (Sugam).

The new forms – ITR 2 and ITR 2A – will have only three pages and other details will have to be filled in schedules, where applicable.

A new form ITR 2Ahas been brought out by the Ministry, which can be filed by an individual or HUF, who does not have capital gains, income from business/ profession or foreign asset/foreign income.

Changes to Foreign Travel Details requirements

Earlier Proposed form – To provide details of all foreign visits, including the ones paid by companies.

New Revised Form – In the new forms (ITR 2, ITR 2A) , details regaridng foreign travel is not required. However, only passport number need to be entered if available.

New Revised Form – No disclosure required for Dormant accounts which are not operational during the last three years. Only the IFSC code, account number of all the current/savings account, which are held at any time during the previous year will be required to be filled-up. The balance in accounts will not be required to be furnished.

Last date for submitting ITR return form for AY 23015-2016 has been extended to 31st August 2015.

Excel & Java utility of the forms – Form 1, Form 2, Form 2A, Form 4S is now available on the Income Tax department efiling website.

Mr. Jain,
Hi..I appreciate the content placed on the website..it is really helpful and easy to follow.
My query is regarding ITR Forms for AY 15-16, I wish to show BFL of Business but there is no such Form available, When can I expect it..
Thanks for your Time.
Kind Regards,
Ankur Agrawal